Private Equity
Kabbage, Inc., the leading technology and data platform powering automated lending, announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Additional new investors include China’s Yuan Capital and Japan’s Recruit Strategic Partners, and existing investors BlueRun Ventures, UPS Strategic Enterprise Fund, and Thomvest Ventures also participated. The round brings the company’s total equity raised to date to over $240 million. Kabbage also announced a threefold expansion of its credit facility to more than $900 million. Today’s investment represents the first time in recent history that multiple global financial institutions have...